On August 26, CHINAHONGQIAO rose 3.15% in regular trading, trading at 24.16 HKD/share, with turnover of 112 million HKD. The aluminum sector staged a broad rebound after the previous session's profit-taking pullback that saw CHINAHONGQIAO drop over 3%.

Sector peers rallied in tandem, with CHALCO up 4.25%, RUSAL up 3.36%, and NANSHAN AL INTL up 2.18%. The rebound comes as funds rotated back into the sector on strong fundamental support. CHINAHONGQIAO reported H1 net profit attributable to shareholders of 17.21 billion yuan, up 39.2% year-over-year, with consolidated gross margin expanding from 25.7% to 31.5%. Deep-processed aluminum alloy product volumes rose 23.2% with average selling prices up 13.4%.

Deutsche Bank initiated coverage with a Buy rating and a 33 HKD target price, while CMB International maintained its Buy rating, noting the current forward P/E of approximately 5.8x provides a cushion against potential aluminum price downside risk.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)